The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official has said. BSNL chairman and managing director PK Purwar at a recent event organised by the All India Graduate Engineers and Telecom officers Association (AIGETOA) said that the government is giving the telecom firm an opportunity for a turnaround. "The government has taken a policy decision that BBNL is going to be merged into BSNL. "This means all work of BBNL at the pan-India level is going to come to BSNL," Purwar said at the All India Conference of AIGETOA on March 13.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
Subir Raha, who was last week denied an extension as head of Oil and Natural Gas Corp on the basis of a critical performance appraisal by former petroleum secretary S C Tripathi
Malvinder is accused of laundering money, punishable under sections 3 and 4 of the Prevention of Money Laundering Act.
State-run aerospace behemoth Hindustan Aeronautics Ltd (HAL) on Thursday said it has received a Request for Proposal (RFP) from the Indian Air Force for basic trainer HTT-40.
Air India employees should adopt a "more determined approach" to ensure that the turnaround of the airline becomes a reality.
Housing sales across top eight cities rose 51 per cent last year, even as the office market continued to slump due to the Covid pandemic with gross leasing witnessing a 3 per cent fall, according to Knight Frank India. Housing sales increased to 232,903 units during last year, from 154,534 units in 2020, but demand was down 5 per cent from the 2019 pre-pandemic levels and 37 per cent lower than the 2011 peak numbers. In the office segment, the gross leasing of office space fell to 38.1 million square feet in 2021, from 39.4 million square feet in the previous year, due to the adverse impact of the second wave of the Covid pandemic.
Ending suspense over the appointment of Air-India MD, the government said on Friday that Sunil Arora, chairman and managing director of Indian Airlines would assume additional charge of the international airline.
A Delhi court has summoned former chairman and managing director of Bharat Aluminium Company, Shyamal Kumar Ghosh and four others in connection with a case wherein they allegedly caused losses to the tune of Rs 299.20 lakh
In a significant move, markets watchdog Sebi on Tuesday decided to implement the requirement to separate the positions of chairperson and managing director at listed companies on a voluntary basis and not make it mandatory for now. The development also comes against the backdrop of Finance Minister Nirmala Sitharaman recently saying the regulator should hear if Indian companies have a view on the matter even as she made it clear that she was not "giving a diktat". The top-500 listed entities were required to split the roles of chairperson and managing director/chief executive officer before the April 2022 deadline.
The senior pilot was suspended in May last year after being found guilty of sexual harassment by an internal committee of the airline. The committee imposed a 'major penalty' on Captain Sachin Gupta, who has now appealed to the next authority against the punishment.
Maharashtra, which contributes between 12 and 15 per cent of appliances sales, announced lockdown-like curbs, meaning there will be no business for the second half of the month as well from the state.
'The US has invoked the Defence Act and banned export of raw materials.' 'This is as good as banning vaccines.'
Ashwani Lohani is presently working as Managing Director of Madhya Pradesh Tourism Development Corporation in Bhopal.
If the idea of LWP scheme is to only weed out around 600 employees and subsequently save the carrier Rs 10 crore a month, the management could have easily laid off the retired employees, who had an advantage over others by dint of having 'connections' internally and in the corridors of the ministry of civil aviation, say Air India staff.
Anjuli Bhargava's musings on why the national carrier is well beyond a turnaround.
'There was hardly any recruitment after the second wave.' 'Now, there is a huge demand for manpower.'
Rajinder has been a key behind-the-scenes figure at Wave Inc, while Ponty was the face of the group.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
V Thulasidas, an officer of the Indian Administrative Service of Tripura cadre, on Monday, took over as the chairman and managing director of Air-India.
According to airline sources, the software, which is of Atlanta-based SITA company, was not functioning approximately from 3 am to 9 am on Saturday. Consequently, boarding passes could not be issued at major airports across the world and various flights were delayed.
At the heart of the matter are revenue-share rental agreements that retailers are mooting over fixed-rent contracts that they say are unsustainable, given the revenue loss they've suffered during the lockdown.
FMCG major Hindustan Unilever Ltd on Thursday reported a 10.7 per cent increase in its consolidated net profit at Rs 2,100 crore for the first quarter ended June, 2021 led by a volume-based growth despite challenging circumstances due to the second wave of the pandemic. The company had posted a net profit of Rs 1,897 crore in the April-June quarter of the previous fiscal. Net sales during the quarter under review stood at Rs 11,996 crore, up 13.49 per cent, as against Rs 10,570 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.
Canara Bank's CMD RK Dubey tries to dispel students' doubts on eligibility criteria, methods of loan repayment and more.
India's biggest firm, Reliance Industries, has decided to cut salaries by 10 per cent in its oil and refining divisions. Several smaller companies like Kajaria Ceramics have followed suit with cuts as high as 40 per cent for those earning more than Rs 50 lakh.
The air hostess compared the executive with the Hollywood film maker charged with sexual misconduct by leading actresses.
JioMeet, which has already got the endorsement of top government officials and politicians, saw a huge surge in its ranking on Google Play, based on its downloads.
Uppal, Kotwal, Venkataramanan shortlisted for managing director's post; outsider not ruled out.
The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.
'Everybody is losing money as interest costs keep piling up.' 'Some films will wait for a theatrical release and some won't, keeping their profit and loss situation in mind.'
This is reportedly the first time that the names recommended by a search committee have been shot down by the HRD ministry
Two issues dog the sale of the national carrier. One is the $2 billion bank guarantee the winning bidder will need to furnish. The other is the nearly 5000 lawsuits filed against Air India, many of them overseas. Anjuli Bhargava reports.
The Vice Chief of Air Staff, Air Marshal Harjit Singh Arora took part in one such operation along with HAL test pilot, Wing Commander Subash P John (retd) recently by taking-off from high altitude location to a forward area for a simulated attack on a high altitude target, the Bengaluru-headquartered company said in a statement.
Higher prices are burdening household budgets and threatening the margins of leading manufacturers.
Antrix, ISRO's commercial arm, is eyeing 10% of the $357 billion global market.
'They will be able to ride over this immediate crisis and carry on, but they need to take corrective steps and these will have to be long term measures which must include working closely with state governments.'
Compulsory neck guards on helmets for Australian cricketers are "not far away", the national team's sports medicine chief said on Monday after Jofra Archer's snorter felled Steve Smith during the second Ashes Test.
'Last Saturday, the largest number of people travelled by air on a single day!' 'There is a kind of hunger among consumers to spend as they have been confined to their homes and not spending for almost 2 years.'
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